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Asking Price$515,000
Revenue$819,666 EstablishedUndisclosed
Cash Flow$214,220 EmployeesUndisclosed
FF&E$150,000 FranchiseNo
Inventory$7,000 RelocatableNo
Real EstateUndisclosed* Home-basedNo
* Included in Asking Price
Fantastic North Shore Restaurant and Bar. This location is in the hear of town, just steps from the harbor. The current owner built it out 5 years ago. This beautifully appointed space offers 4300 sq. ft. including a fully equipped kitchen. The dining room seats 120 guests plus and additional 25 at the bar. You must visit to appreciate it. The location is currently open from 3pm - 11pm M-Th, 1pm - 12am Fri & Sat. and 1pm -10pm - Sunday. They have a great long term lease. There is huge parking lot that can hold over 300 cars. The build-out alone cost the owner over $350K. In the past year, the business has been averaging $17k/wk. in sales with total sales of $870,704.00 and a net income of approx. $214,924.00. ALL FINANCIALS ARE VERIFIABLE THROUGH A STATE OF THE ART POS SYSTEM. We are looking for a serious and experienced buyer with at least $340K in liquid capital. If you meet this criterion, please call or email Mel Vaz at 1-877-735-5224 or mvaz@vestedbb.com.
Training/Support:seller will train
Seller Financing:$340,000.00 Down and $175K over 3 yrs. @ 6%
Sale Reason:Cashing Out.
Ad #51649
Seller Reference #23995
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Melvin L. Vaz
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